Philippines: DOE, Petron, Phoenix, Shell Price Concessions Agreement For PUVs

Philippines: DOE, Petron, Phoenix, Shell Price Concessions Agreement For PUVs

The Department of Energy (DOE), Petron Corp., Pilipinas Shell Petroleum Corp. and Phoenix Petroleum Philippines, Inc., have all reached a consensus to provide fuel discounts to public utility vehicles (PUVs), and have signed a Memorandum of Agreement (MOA) to this effect.

“These corporate social responsibility (CSR) programs of the fuel companies are aimed to mitigate the impact of Tax Reform for Acceleration and Inclusion (TRAIN) Law’s impact on transportation fares,” said Energy Secretary Alfonso G. Cusi.

The fuel companies’ existing discount programs for PUJs will be expanded by the CSR programs, which includes the increase in the number of participating fuel service stations, higher discounts and inclusion of other PUVs.

The agreement’s highlights include: a minimum of PhP1.00 discounts per liter of liquid fuels to public utility vehicles (PUVs), that could include jeepneys and taxis; a designated lane for PUVs to be provided by fuel companies; drivers of PUVs to be offered additional privileges and other promotional offers.

Raising funds to finance major infrastructure projects and relevant projects of the government to uplift the lives of the Filipino people and the next generations to come, was the objective of the TRAIN Law, according to Sec. Cusi

Cusi concluded that energy efficiency and the CSR schemes are being pursued by the DOE to maximize the benefit of having a higher take home pay for lower and middle class income taxpayers. PWKD05032018

Last modified onSunday, 04 March 2018 07:34
Login to post comments
back to top

Main Menu

News Menu